Stoïk Raises €20m in a Series C to Strengthen Its European Leadership in Cyber Risk

Stoïk, Europe’s first insurtech specialising in cyber risk for companies with revenues of up to €1bn, announces the closing of a €20m Series C funding round. The round was co-led by Impala, owned by the Veyrat family, which joins the company as a new investor, and Opera Tech Ventures, a long-standing investor of Stoïk, with the participation of existing investors Alven and Andreessen Horowitz. This capital injection not only consolidates the confidence of existing shareholders but also highlights the strong family-backed commitment to Stoïk’s vision and growth, reflecting a strategic and long-term investment in the project.

“Over the past few years, we have delivered strong performance, supported by a robust underlying business model and a high level of financial discipline. Among the many options available to us, we deliberately chose a funding round calibrated to support our next phase of growth, without exceeding our actual needs”, said Jules Veyrat, CEO and co-founder of Stoïk. “This new capital injection will enable us to accelerate a model that already works and supports a sustainable growth trajectory, while investing further in proprietary AI agents that sit at the core of our prevention, detection and incident-response capabilities. Our ambition is clear: to be the CISO of Europe through a single, integrated, portfolio-wide approach.”.

Marinus Oosterbeek, Managing Director at Opera Tech Ventures, added: “We invest in European leaders building essential infrastructure for the future of the continent, and Stoïk is one of them. The robustness of its economic model and the team’s excellence in execution across all markets reinforce our long-term commitment.”

A validated and fast-growing 360° cybersecurity model, entering a new AI-driven phase

Nearly five years after its creation, Stoïk has established itself in Europe with an integrated cyber risk protection model that today protects more than 10,000 companies, works with over 2,000 broker partners, and covers around 600 new companies each month. The company operates in markets including France, Germany, Spain, Belgium, Austria and Luxembourg, and closed 2025 with year-on-year growth of over 200% in net revenues. It also reached around €50m in gross written premium (GWP).

Stoïk supports small and medium-sized enterprises before, during and after a cyberattack, at a time when cyber risk has become systemic and many organisations lack the internal resources to address it. Its innovative and unique market proposition is based on an AI-powered 360° model that increasingly integrates proprietary AI agents, combining cyber insurance, active risk prevention and detection, and in-house incident response teams.

This new funding round will allow Stoïk to further strengthen its cybersecurity and insurance offerings and continue its international expansion, with a particular focus on Central and Southern Europe, and invest further in the development of proprietary AI capabilities. The company also plans to grow its workforce from 130 to 200 employees over the next twelve months and allocate part of the funds to the development of advanced artificial intelligence capabilities applied to prevention, detection and incident response.